Lowest down payment leverage?

[Ryan Sanders]

I have about 40k to work with right now and the current financing i have lined up will require my current deal (1st one) to use about 25k at close. I have another going under contract tonight that I would like to flip, but because its purchase is 185k my 15k just isn't enough for me to finance the whole deal so I'm being forced to wholesale it. I'd rather flip it myself because I can make more, but I need a financing method that requires a very low down payment. Also, my credit is only in the mid 600s so its not the best and I would like the lender to worry about the asset rather than my personal credit. Does this type of lender exist or is it a pipe dream?

Less than 10% down

Less than or equal to 12% interest

Less than or equal to 5 points

asset based with no credit check required.

Thanks for any help,

Ryan